Financial independence

Financial independence describes a state where your passive income is higher than your expenses.

Passive income

Passive income is all income that you can generate without having to actively work for it. Example sources of such income are royalties from music or photographs. The most common source of passive income is probably money generated by the assets that you own. This can be dividends from stocks, interest on a bank account, or received rents from an appartment.
This page helps you to plan your way to financial independence with such assets. If your passive income is higher than your expenses, you have achieved financial independence!

Financial independence calculator

Achieving financial independence depends on a number of simple factors: